Continuing care retirement communities (CCRCs)/life plan communities (LPCs) have utilized ratios as benchmarks for nearly 30 years. With last year’s 2020 edition of the Financial Ratios and Trend Analysis of CARF-Accredited Continuing Care Retirement Communities report, we observed key financial data captured at a point in time just before the impact of the coronavirus pandemic. The data revealed an industry in good position to manage through the coming storm.
Listen to our on-demand webinar on understanding and utilizing financial benchmarks to inform strategic planning and budget development. In addition to discussing how to share this information with key stakeholders, including prospects, residents, boards and payers, our team of industry specialists explore key financial benchmarks for the industry and how CARF-accredited organizations have navigated the impact of COVID-19. Areas of concern, including widespread decline in profitability margins, will be discussed and contrasted with the impact of provider relief funds, loans and improving investments on maintaining liquidity for senior living organizations.
For more information on this topic, or to learn how Baker Tilly’s Value Architects™ can help, contact our team.